FEBW vs. LAPR
FEBW (Allianzim U.S. Large Cap Buffer20 Feb ETF) and LAPR (Innovator Premium Income 15 Buffer ETF - April) are both Options Trading funds. Both are actively managed. Over the past year, FEBW returned 11.40% vs 6.56% for LAPR. Their 0.70 correlation means they have sometimes moved together and sometimes differently. FEBW charges 0.74%/yr vs 0.79%/yr for LAPR.
Performance
FEBW vs. LAPR - Performance Comparison
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Returns By Period
In the year-to-date period, FEBW achieves a 5.26% return, which is significantly higher than LAPR's 4.03% return.
FEBW
- 1D
- 0.17%
- 1M
- 0.62%
- 6M
- 4.33%
- YTD
- 5.26%
- 1Y
- 11.40%
- 3Y*
- 10.21%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.78%
LAPR
- 1D
- 0.10%
- 1M
- 0.35%
- 6M
- 3.68%
- YTD
- 4.03%
- 1Y
- 6.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $262.33K | $241.63K | $322.67K | |
| $23.63K | $62.86K | $120.34K |
FEBW vs. LAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FEBW Allianzim U.S. Large Cap Buffer20 Feb ETF | 5.26% | 9.63% | 6.98% |
LAPR Innovator Premium Income 15 Buffer ETF - April | 4.03% | 5.81% | 4.66% |
Correlation
The correlation between FEBW and LAPR is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2024 | 0.70 |
The correlation between FEBW and LAPR has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
FEBW vs. LAPR — Risk / Return Rank
FEBW
LAPR
FEBW vs. LAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allianzim U.S. Large Cap Buffer20 Feb ETF (FEBW) and Innovator Premium Income 15 Buffer ETF - April (LAPR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEBW | LAPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.88 | ||
| Sortino ratioReturn per unit of downside risk | -6.95 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 2.52 | -1.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 18.34 | -15.68 |
| Martin ratioReturn relative to average drawdown | 13.59 | 98.98 | -85.39 |
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Drawdowns
FEBW vs. LAPR - Drawdown Comparison
The maximum FEBW drawdown since its inception was -8.82%, which is greater than LAPR's maximum drawdown of -3.81%. Use the drawdown chart below to compare losses from any high point for FEBW and LAPR.
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Drawdown Indicators
| FEBW | LAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.82% | -3.81% | -5.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -0.36% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -8.82% | — | — |
Current DrawdownCurrent decline from peak | -0.07% | 0.00% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -0.66% | -0.11% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.07% | +0.71% |
Volatility
FEBW vs. LAPR - Volatility Comparison
Allianzim U.S. Large Cap Buffer20 Feb ETF (FEBW) has a higher volatility of 1.41% compared to Innovator Premium Income 15 Buffer ETF - April (LAPR) at 0.42%. This indicates that FEBW's price experiences larger fluctuations and is considered to be riskier than LAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEBW | LAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 0.42% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 1.10% | +3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.95% | 1.30% | +3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 3.21% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.25% | 3.21% | +3.04% |
FEBW vs. LAPR - Expense Ratio Comparison
FEBW has a 0.74% expense ratio, which is lower than LAPR's 0.79% expense ratio.
Dividends
FEBW vs. LAPR - Dividend Comparison
FEBW has not paid dividends to shareholders, while LAPR's dividend yield for the trailing twelve months is around 5.78%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FEBW Allianzim U.S. Large Cap Buffer20 Feb ETF | 0.00% | 0.00% | 0.14% |
LAPR Innovator Premium Income 15 Buffer ETF - April | 5.78% | 5.40% | 4.21% |
Frequently Asked Questions
FEBW and LAPR have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FEBW has higher volatility (1.41%) compared to LAPR (0.42%). In terms of maximum drawdown, FEBW dropped -8.82% vs LAPR's -3.81%.
On 1-year performance, FEBW leads with 11.40% vs 6.56% for LAPR. On fees, FEBW is cheaper at 0.74% per year. On volatility, LAPR has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FEBW has performed better with a 11.40% return vs 6.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FEBW is cheaper with a 0.74% expense ratio, compared with 0.79% for LAPR.
LAPR has the higher dividend yield at 5.78%, compared with 0.00% for FEBW.
They also come from different issuers: Allianz and Innovator. Their fees differ too: 0.74% for FEBW and 0.79% for LAPR.
LAPR currently has the higher Sharpe Ratio (5.03 vs 2.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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